I think that the big players will want to capitulate all the shorts, and sell into a zone of high supply 1.7942 and 1.7165 are two great areas to look for weakness

Cable pops 1.7000

Excellent thanks for the advice, please be so kind as to suggest the correct reading material.

The Rabbit Hole of Fibonacci

ok so what you are saying is wave projections are useless, or measuring corrections is pointless. I may say that I am open to new waves to use fib levels. Would you be so kind as to show some real time work, you can keep your method hidden just the ...

The Rabbit Hole of Fibonacci

[quote=Guest;7534254]There is absolutely no discussion that the Fibonacci levels, in particular 0.618, 1, 1.618, also 2.618 are definite targets in financial .618 is often overshot, lets see some real time examples. Here is a .618 level to ...

The Rabbit Hole of Fibonacci

Just to illustrate the point I looked for the fib patterns so called abcd and had you shorted the EURAUD at them even in a down trend you would have lost money each time. I also marked in the supply level to show how much better it is then the fib ...

The Rabbit Hole of Fibonacci

Nice one chaps, just to let many of the newer members know, fibonacci, elliot waves abcd patterns are alla a load of rubbish. I use to think that they worked having read books by Robert Minor, Larry Pesavento, Steve Cophen. I spent years loosing ...

The Rabbit Hole of Fibonacci

Stocks did not fall because of this news, such utter utter rubbish, the DAX has been trying to push up through 10000 and its finding a lack of buyers up at this level so it sold off to seek fresh supply lower down. The S&P put in a top on the 9th, ...

Stocks slip on World Bank call, brent up on Iraq

James Turk wrote it auther of the money bubble thanks SB, I would have thought you would have cobbled together something of this level.

World Bank: 'Now is the time to prepare for next crisis'

Dear EstForex You sound like a very well informed chap, I am so pleased to have read your piece, it is well thought out. You have also done your ho,e work and tied the loose ends together excellent article.

World Bank: 'Now is the time to prepare for next crisis'

I think this is my 67year plan :-)

World Bank: 'Now is the time to prepare for next crisis'

"National Institute of Economic and Social Research (NIESR), the level of UK GDP at the end of May 2014 was 0.2% higher than its peak before the 2008 crisis." "It is because the UK economy grew by 0.9% in the three months to the end of May. It is ...

UK Economy Hits Pre-Financial Crisis Peak as Recovery Marches Forward

Well the answer to the above poster, whos words I agree with is use these events to get rich and then you can do something about it. If the Dax breaks 9928.4 we can fall to 9915.7 today today, so the world bank boys are not so wrong, should the DAX ...

World Bank: 'Now is the time to prepare for next crisis'

Sadly the elliot wave fan is not going to take the "Pepsi" Challenge,which is just another reason to put a stake through the elliot wave theory. Unless he is preparing some poker hot examples.:-)

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

You have a great strategy, sadly I got the book by Robert Minor that keeps you trying to short the top of 5 wave moves (don't try this at home kids). However trading in the wave figuring where the strong moves may come is a good strategy. So I know ...

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

This is my take on the AUDUSD looks valid to me as a count and indicates the AUD has further to go to the upside. url

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

Hey no sweat, I am not out to hang you, I would be more than happy for you to illustrate it in real time, thats all I am saying, also I learned to try to spot the 5th wave, but you might be buying wave 2 or wave 2 of three what ever it is you are ...

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

Hello Spreadbetter, possibly use to waffle on about them, but the litmus test is to open a chart and try to count waves without the RHS of the chart being visible. You pretty soon see that what you thought was a wave three extended and now its a ...

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

Really hard to say, most rallys in the last part of a 17 year cycle tend to top on a 5 year move. that does not mean it cannot go 5 years 4 months, but its a rough guide, from 6.3.2009 we are now 3 months over time for a top based on historic ...

Goldman's Top Economist Just Made The Call We've Been Waiting 5 Years To Hear

I don't say that elliot waves never appear, that is not the case and maybe I never learned the right way to count. But I would say lets evaluate them scientifically and see if they work in real time. Past counts are useless because you can use any ...

EUR/USD: Wave-3 Down; EUR/JPY: Pullback Before A Wave-D Rally - Nomura

Just as the main stream press start talking about the next bull rally, 5 years into the rally, I start looking for the door, should we not take out todays high and only come back to 1952.65 on the S&P I would say, this could be the start of a ...

Goldman's Top Economist Just Made The Call We've Been Waiting 5 Years To Hear